When accepting the award, Prijono Sugiarto, President Director of Astra International, said this award not only forms a source of pride for all stakeholders within the Astra Group (that was founded 59 years ago) but also for the Indonesian people. He expressed these words at the "Finance Asia 20th Anniversary Platinum Awards" in Hong Kong (at the Conrad Hotel) on Thursday (13/10).

However, it is not the first time Astra International wins awards from Finance Asia magazine. Over the past 20 years, Astra International won 25 awards ranging from "Best Managed Company" (13 times), "Best Corporate Governance" (10 times) to "Best CEO" (twice). It is unique that one company wins Finance Asia magazine awards nearly every year.

Astra International, which is among the top three of biggest companies in terms of market capitalization on the Indonesia Stock Exchange, has 202 subsidiaries and employs 213,175 people. Its core business is the automotive market. However, over its 59-year history it has expanded into various other sectors, including agribusiness, heavy equipment, mining, energy, banking, IT and infrastructure. So far this year shares of Astra International have surged nearly 36 percent, supported by accelerating macroeconomic growth of Indonesia. Astra International is often labeled the barometer of the Indonesian economy due to its presence in nearly all key sectors within the economy.

The Best Company Award is given to one company from each Asian nation that is covered by Finance Asia magazine.

Best Companies - Finance Asia Magazine Awards 2016:

Country Company
Indonesia Astra International
South Korea Samsung Electronics
China China Telecom
Thailand PTT
Singapore Singtel
Philippines Ayala Corporation
Hong Kong CK Hutchison/Sun Hung Kai Properties
India Infosys
Malaysia Public Bank
Taiwan TSMC

Source: Investor Daily